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Firsthand Technology Value Fund, Inc. (SVVC) is a U.S.-based investment management company that specializes in technology investments. Primarily focused on identifying and nurturing high-growth, innovative companies, FIRSTHAND TEC VAL FUND aims to deliver superior returns to its shareholders by investing in technology and cleantech sectors. Their portfolio typically includes early-stage companies with significant potential for growth and market disruption.
SVVC's core business revolves around investing in private and public technology companies with transformative potential. The company seeks to capitalize on advancements in sectors such as artificial intelligence, cybersecurity, cloud computing, and renewable energy. By leveraging their expertise and extensive network, they aim to identify emerging technologies and trends that are poised for widespread adoption and commercial success.
In recent years, FIRSTHAND TEC VAL FUND has made notable investments in various pioneering companies. For example, they have invested in companies developing cutting-edge solutions for data analytics, autonomous vehicles, and advanced semiconductor technologies. These investments underline SVVC's commitment to fostering technological innovation and supporting the growth of the next generation of tech leaders.
Financially, FIRSTHAND TEC VAL FUND has maintained a robust position, with a diversified portfolio designed to balance risk and reward. Their strategy includes a mix of equity investments and venture capital in both private and publicly traded companies. This approach allows them to maximize growth opportunities while managing exposure to market volatility.
Partnerships are a critical component of SVVC's strategy. By collaborating with other investment firms, technology incubators, and industry leaders, they enhance their ability to identify promising investment opportunities and provide strategic support to portfolio companies. These partnerships often result in joint investments and co-development projects that accelerate innovation and market entry for emerging technologies.
In terms of products, FIRSTHAND TEC VAL FUND offers shareholders the opportunity to invest in a diversified portfolio of technology and cleantech companies. Their investment vehicles are designed to provide exposure to high-potential markets while mitigating risks through strategic diversification and active management.
To stay informed about the latest developments and performance metrics of FIRSTHAND TEC VAL FUND, Inc. (SVVC), investors can regularly check news updates and financial reports, which provide insights into the company’s latest achievements, ongoing projects, and future plans.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary net asset value (NAV) of $15.57 per share as of June 30, 2021. The fund's top five investments include IntraOp Medical, Pivotal Systems, Wrightspeed, Revasum, and Hera Systems, comprising 90.5% of the fund's preliminary net assets. The total investment is reported at $102.5 million, equating to approximately $14.87 per share. Cash and cash equivalents are approximately $0.50 per share. Detailed financial statements will be released with the upcoming quarterly report.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of May 31, 2021, which represent 87.4% of the Fund's estimated total investments of approximately $112 million. The leading investment is in IntraOp Medical, accounting for about 26.7% of total investments, followed by Wrightspeed at 25.7%, Pivotal Systems at 21.5%, Revasum at 9.9%, and Hera Systems at 3.6%. The estimated value per share stands at $16.21, with cash and equivalents at approximately $0.77 per share. A detailed financial report will be available in August 2021.
Firsthand Technology Value Fund (SVVC) announced its Q1 2021 results, reporting net assets of approximately $112.4 million, or $16.31 per share, compared to $102.1 million at year-end 2020. The portfolio consisted of investments valued at $111.2 million and cash equivalents of $0.5 million. The Fund generated investment income of approximately $1.3 million and net investment income of around $508 thousand. Notably, the Fund recorded net gains of $9.8 million on investments.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced a preliminary NAV of $16.31 as of March 31, 2021. The Fund's top five holdings include Pivotal Systems (27.3%), IntraOp Medical (25.7%), Wrightspeed (23.6%), Revasum (11.2%), and Hera Systems (3.3%), collectively comprising 91.1% of its net assets. Total investments reached $111.2 million or approximately $16.14 per share. Cash equivalents stand at $0.07 per share. A full report will be available in May 2021.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its fiscal results for 2020, showing a significant decline in net assets from $127.1 million ($17.70 per share) in 2019 to $102.1 million ($14.82 per share) in 2020. The investment income was approximately $3.7 million, while the fund reported net realized and unrealized losses of about $23.6 million. The portfolio included $99.7 million in equity/debt investments and $2.37 million in cash equivalents. The Valuation Committee adjusted the fair values of private companies considering performance and market changes.
As of February 28, 2021, Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings comprising IntraOp Medical, Pivotal Systems, Wrightspeed, Revasum, and SVXR, which together accounted for 90.7% of the Fund's estimated total investments of approximately $109 million, or $15.77 per share. IntraOp Medical represents the largest stake at about 24.3%, followed closely by Pivotal Systems at 23.6%, and Wrightspeed at 23.0%. A comprehensive financial report will be available in May 2021.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings as of January 31, 2021, which encompass approximately 89.4% of its estimated total investments of $108 million, translating to $15.68 per share. The leading investment is in IntraOp Medical Corp. at 24.4%, followed by Wrightspeed, Pivotal Systems, Revasum, and SVXR. The fund holds various securities including preferred stocks and debt across these companies. More details will be disclosed in the upcoming quarterly report due in May 2021.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary net asset value (NAV) of $14.82 per share as of December 31, 2020. The Fund's top five holdings include IntraOp Medical, Wrightspeed, Pivotal Systems, Revasum, and SVXR, which together account for 88.7% of the Fund's total investments. Notably, IntraOp Medical represents 25.8% of the Fund's assets, the largest share. Total investments reached $99.7 million, or approximately $14.46 per share. The annual report will be filed by March 2021.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings as of November 30, 2020, which include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. Collectively, these holdings represent 89.7% of the fund's estimated total investments of approximately $102 million, translating to about $14.78 per share. Notably, Pivotal Systems accounts for 29.1% of this total, followed by IntraOp Medical at 21.7%. Full financial details will be disclosed in its annual report in March 2021.
The Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of October 31, 2020, representing 87.2% of its estimated total investments of approximately $88 million or $12.75 per share. Key investments include Pivotal Systems (25.6%), IntraOp Medical (25.2%), and Wrightspeed (22.7%). Cash and cash equivalents stand at about $0.15 per share. Detailed financial statements will be available in the annual report in March 2021. The Fund primarily invests in technology and cleantech sectors and aims for long-term capital growth.
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